Topic: btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds - page 85. (Read 277012 times)

I don't think you actually read that article. It talks about ISPs being treated as mere conduit if ... and if ... and provided they do not host the information.

freehostingnoads DOES host the websites on its servers!

This. If you are using something TOR and Bitcoin to purchase the hosting, there is really no link there. This is one of the downsides to the anonymity; it makes tracking scammers that much more difficult.

Which is why there are so many scam sites about.
BTC is too good an opportunity to resist for these people. With the right knowledge you could have a site up and running within hours. If you buy one "off the shelf" it's potentially even quicker than that.

There are dozens, if not hundred web hosting providers that work with anonymous payment processors and/or Bitcoin. Some even advertise that their hosting is completely anonymous.

They are not! Read this: http://www.out-law.com/page-488 Otherwise one could sue google as well, for listing fraudulent activities etc.

christophorous and leosned: you are both wrong.

Yes it is impossible to take money back if that money was held in a trust fund, but if the transfer to the trust fund happened for the sole purpose of hiding the money away then the transaction is void and is reversed. You just have to know who you are dealing business with.

Leaving some key words for the bots to pick up and start sniffing: FBI, crime, jail, money fraud, money laundering, scam, thieves, tax evasion, tax haven, counterfeiting ...

FBI officer reading this: you know you do not need a complaint to move on if the evidence is in front of you.

Bank accounts can be used by the courts for garnishment and such, but only if there's a balance. They could just as easily wipe out their accounts and/or close them and it would lead you nowhere.

here is someone that clames to have bank account information. that way its possible to track the guy/guys in question am I right ?

https://forums.butterflylabs.com/bitcoin-news-and-articles/8326-btc-arbs-com-scam-site.html

You're perfectly right. They hide their money in various ways so that the courts have no way of proving their actual net worth despite knowing what they've done. Everything they "own" is put through a third party so they're asset and cash poor as well as all being out of state/country etc. It's astounding that this is able to continue but there's no incentive to anyone who could change this to actually change it.

Dude, how many examples do you want? I can give you examples of people living in 12,000 sq/ft homes that claim they have no money and drag it out for eons. You have no conceptual knowledge of how hard it is to collect money. Not to mention that while I do believe these btc people ran off with a lot of money you have no way to prove it. It is possible they just ran out of money. In either case blaming a specific currency is stupid.

You are correct, and I am in the processes of doing exactly that - I've been working on it since January. The system is profitable; very profitable. I have many days with hundreds of dollars of profit, and very few days with losses.
I honestly thought that Btc-arbs was real and doing exactly what I am doing, except that maybe they had started their software development a bit earlier to capture more of the February, March, and April profits. But I know arbitrage orders when I see them, and I never saw the order patterns from them.

And before anyone asks, I am not looking for investors. I have enough of my own money in the system, and I would not want outside investment unless I could purchase insurance to protect the investors. Also, I would insist that investors keep their money and profits once the market hits peak profit - but investors will often often try to invest even more money. The hardest part of managing a profitable investment is not finding investors - the hardest part is convincing them to take their profits. No one wants to go home in the middle of the party, but the investment only has a limited capacity.

If they accepted dollars through those payment services, their banking information can be found, and in turn they can likely be found. US victims need to start filing reports with the internet crimes complaint center (IC3).

There is most certainly a way to identify the owner of the account with the hosting service.  That would require the appropriate LEA in the hosting country to go to the hosting service and get the owner information from the service.  If that hosting service also hosts in the USA, then the FBI would have the authority to subpoena the records from the service.

Where there is a money trail, there is a paper trail.  There is no way this thief can hide *IF AND ONLY IF* a law enforcement agency decides they want to track that person down.  My suggestion is for everyone who has lost BTC to contact their law enforcement representatives and explain the situation to them.  Once any agency gets enough complaints, they will probably start moving.

That does not mean anyone should get their hopes up, but it does mean that the person's responsible will have something to think about while various LEAs start trying to track them down.

Just my two, but the web is IN NO WAY anonymous.  Anyone who says it is, needs to stick with bitcoin investing and stop talking out their arse.  Once you pay someone to host a site, you have left a money trail.

There is already a lot of information in this thread regarding the ownership of the site (74 through 76 I believe).

Anyway

Yes there is. Actually "there is a way" is not a correct statement as it infers that by default they are not responsible but they are.

Don't take my word it, here is an example: There is a web service called freehostingnoads, sounds like a great service, doesn't it, so many people would make websites on that platform, sure. What happens is that some respectable web nanny services block any website hosted on this platform and they spit out the reason: "this host has been known to be the source of fraudulent services". So one guy sets up a website on their platform, scams people, now what happens: the whole platform is banned most likely for life without parole.

I give you another example: do you really imaging yourself going to a shopping center and setting up shop to scam people and then close and get away with it? what does it do to the reputation of the shopping centre? Do you really think you will not be on the noose of a lynch mob sent by the shopping centre management within 1 week?

If any of these farts used fiat then there is a noose with their real names on it. Btc-e or whatever crap "exchange" cannot say we did not know about money laundering, and in fact we all know when we opened accounts with them that was a clear clause. Btc-e management will all be in jail for a long time if they don't lay the information in golden plates on a red carpet. That is why probably actual arbitrage never happened, the digits are still in BTC in their wallet and will be moved around and then converted to fiat. That is why they returned $

What people should ask for in Arbitrage, now that we paid for the lesson, is proof of work (buys/sells) from the days before with links to the blockchain. The scammers of btc-arbs can dream about their next one in jail.

If you want to catch them you most certainly can. BTC has been classified as property and he stole our property. He did not file for bankruptcy. He is a thief and thieves belong in jail.

Is there any way to trace the responsible for this site? They were receiving payments in USD through bank account and the domain name is .com. Do someone has the bank information?

No, unfortunately not.

is there a way to hold accountable the host for the website for the actions of their users ?

They for sure made off with a TON especially since the majority of people participating had no idea they were participating in a HYIP. No HYIP player would ever throw 50k at a program without a track record. There's people just in this thread who made 30-50 BTC deposits. They made off with well over a 1000 btc for sure.

If you followed the bulk of that address's money to where it ended up, it was sent to an address that had trafficked in hundreds of thousands of Bitcoin. They made off with millions on this thing, I think.

I know I was quoting one of their "support" responses to me.